CULLEN/FROST BANKERS, INC. Q4 2025 Filing

Filed February 6, 2026

Portfolio Value

$9.1B

Holdings

1,460

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,460 positions)

#StockSharesValue% PortfolioType
1
AAPLAPPLE INC COM
1,889,776$513.0M5.64%
2
MSFTMICROSOFT CORP COM
905,532$437.0M4.81%
3
PVALPUTNAM ETF TRUST FOCUSED LAR CAP
6,852,855$312.0M3.43%
4
NVDANVIDIA CORPORATION COM
1,616,358$301.0M3.31%
5
VUGVANGUARD INDEX FDS GROWTH ETF
610,480$297.0M3.27%
6
AMZNAMAZON COM INC COM
936,301$216.0M2.38%
7
GOOGLALPHABET INC CAP STK CL A
648,165$202.0M2.22%
8
IWPISHARES TR RUS MD CP GR ETF
1,439,846$197.0M2.17%
9
EFAISHARES TR MSCI EAFE ETF
1,951,231$187.0M2.06%
10
EMXCISHARES INC MSCI EMRG CHN
2,555,605$185.0M2.04%
11
AVGOBROADCOM INC COM
510,358$176.0M1.94%
12
IWFISHARES TR RUS 1000 GRW ETF
346,021$163.0M1.79%
13
GOOGALPHABET INC CAP STK CL C
504,885$158.0M1.74%
14
VBVANGUARD INDEX FDS SMALL CP ETF
567,959$146.0M1.61%
15
METAMETA PLATFORMS INC CL A
207,361$136.0M1.50%
16
SPYSPDR S&P 500 ETF TR TR UNIT
196,075$133.0M1.46%
17
VOVANGUARD INDEX FDS MID CAP ETF
441,169$128.0M1.41%
18
VVISA INC COM CL A
352,552$123.0M1.35%
19
LLYELI LILLY & CO COM
103,672$111.0M1.22%
20
JPMJPMORGAN CHASE & CO. COM
344,281$110.0M1.21%
21
IJJISHARES TR S&P MC 400VL ETF
831,369$109.0M1.20%
22
AGGISHARES TR CORE US AGGBD ET
1,021,078$101.0M1.11%
23
IWLGNEW YORK LIFE INVTS ACTIVE E NYLI WINSLOW LAR
1,877,835$101.0M1.11%
24
MAMASTERCARD INCORPORATED CL A
161,033$91.0M1.00%
25
IWDISHARES TR RUS 1000 VAL ETF
403,058$84.0M0.92%
26
ABBVABBVIE INC COM
365,525$83.0M0.91%
27
COSTCOSTCO WHSL CORP NEW COM
90,432$77.0M0.85%
28
GLWCORNING INC COM
814,687$71.0M0.78%
29
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
132,228$66.0M0.73%
30
CVXCHEVRON CORP NEW COM
427,741$65.0M0.72%
31
JNJJOHNSON & JOHNSON COM
314,253$65.0M0.72%
32
ORCLORACLE CORP COM
329,528$64.0M0.70%
33
HDHOME DEPOT INC COM
178,464$61.0M0.67%
34
WMTWALMART INC COM
520,544$57.0M0.63%
35
BACBANK AMERICA CORP COM
1,029,767$56.0M0.62%
36
XOMEXXON MOBIL CORP COM
470,601$56.0M0.62%
37
VEUVANGUARD INTL EQUITY INDEX F ALLWRLD EX US
729,561$53.0M0.58%
38
AXPAMERICAN EXPRESS CO COM
136,557$50.0M0.55%
39
SCHDSCHWAB STRATEGIC TR US DIVIDEND EQ
1,847,216$50.0M0.55%
40
ETNEATON CORP PLC SHS
156,127$49.0M0.54%
41
CSCOCISCO SYS INC COM
639,730$49.0M0.54%
42
ISRGINTUITIVE SURGICAL INC COM NEW
83,822$47.0M0.52%
43
NOWSERVICENOW INC COM
300,653$46.0M0.51%
44
4I1PHILIP MORRIS INTL INC COM
283,375$45.0M0.50%
45
KOCOCA COLA CO COM
615,725$43.0M0.47%
46
NFLXNETFLIX INC COM
412,797$38.0M0.42%
47
BKNGBOOKING HOLDINGS INC COM
7,230$38.0M0.42%
48
GLTRABRDN PRECIOUS METALS BASKET PHYSCL PRECS MET
185,256$38.0M0.42%
49
VWOVANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF
712,348$38.0M0.42%
50
PGPROCTER AND GAMBLE CO COM
255,481$36.0M0.40%
51
BSVVANGUARD BD INDEX FDS SHORT TRM BOND
447,395$35.0M0.39%
52
ETRENTERGY CORP NEW COM
374,567$34.0M0.37%
53
BSXBOSTON SCIENTIFIC CORP COM
352,666$33.0M0.36%
54
GEGE AEROSPACE COM NEW
109,004$33.0M0.36%
55
CMICUMMINS INC COM
65,954$33.0M0.36%
56
HYGISHARES TR IBOXX HI YD ETF
420,126$33.0M0.36%
57
ORLYOREILLY AUTOMOTIVE INC COM
363,957$33.0M0.36%
58
VOOVANGUARD INDEX FDS S&P 500 ETF SHS
51,614$32.0M0.35%
59
TSLATESLA INC COM
69,513$31.0M0.34%
60
MCOMOODYS CORP COM
61,763$31.0M0.34%
61
LOWLOWES COS INC COM
126,408$30.0M0.33%
62
AEPAMERICAN ELEC PWR CO INC COM
264,353$30.0M0.33%
63
QCOMQUALCOMM INC COM
170,630$29.0M0.32%
64
DHRDANAHER CORPORATION COM
126,792$29.0M0.32%
65
DISDISNEY WALT CO COM
257,924$29.0M0.32%
66
MCDMCDONALDS CORP COM
97,293$29.0M0.32%
67
KLACKLA CORP COM NEW
24,617$29.0M0.32%
68
TRVCCITIGROUP INC COM NEW
231,928$27.0M0.30%
69
AJGGALLAGHER ARTHUR J & CO COM
107,158$27.0M0.30%
70
UNPUNION PAC CORP COM
113,019$26.0M0.29%
71
IBMINTERNATIONAL BUSINESS MACHS COM
87,138$25.0M0.28%
72
TRVTRAVELERS COMPANIES INC COM
87,857$25.0M0.28%
73
SHWSHERWIN WILLIAMS CO COM
79,161$25.0M0.28%
74
MDTMEDTRONIC PLC SHS
260,641$25.0M0.28%
75
CBCHUBB LIMITED COM
80,792$25.0M0.28%
76
UNHUNITEDHEALTH GROUP INC COM
73,514$24.0M0.26%
77
AMGNAMGEN INC COM
76,001$24.0M0.26%
78
SPOTSPOTIFY TECHNOLOGY S A SHS
41,526$24.0M0.26%
79
IVWISHARES TR S&P 500 GRWT ETF
188,983$23.0M0.25%
80
TXNTEXAS INSTRS INC COM
135,532$23.0M0.25%
81
VLOVALERO ENERGY CORP COM
142,748$23.0M0.25%
82
SYKSTRYKER CORPORATION COM
66,826$23.0M0.25%
83
TJXTJX COS INC NEW COM
149,963$23.0M0.25%
84
ABTABBOTT LABS COM
177,557$22.0M0.24%
85
MRKMERCK & CO INC COM
215,997$22.0M0.24%
86
EVRGEVERGY INC COM
316,511$22.0M0.24%
87
ADPAUTOMATIC DATA PROCESSING IN COM
87,706$22.0M0.24%
88
TMOTHERMO FISHER SCIENTIFIC INC COM
38,315$22.0M0.24%
89
ANETARISTA NETWORKS INC COM SHS
166,965$21.0M0.23%
90
ICEINTERCONTINENTAL EXCHANGE IN COM
133,056$21.0M0.23%
91
RTXRTX CORPORATION COM
119,306$21.0M0.23%
92
RPRXROYALTY PHARMA PLC SHS CLASS A
546,350$21.0M0.23%
93
COPCONOCOPHILLIPS COM
225,704$21.0M0.23%
94
LRCXLAM RESEARCH CORP COM NEW
124,531$21.0M0.23%
95
BXBLACKSTONE INC COM
142,064$21.0M0.23%
96
VVVANGUARD INDEX FDS LARGE CAP ETF
68,516$21.0M0.23%
97
HONHONEYWELL INTL INC COM
105,022$20.0M0.22%
98
CMECME GROUP INC COM
75,045$20.0M0.22%
99
BACVERIZON COMMUNICATIONS INC COM
507,685$20.0M0.22%
100
KKRKKR & CO INC COM
152,830$19.0M0.21%
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